Royal Mail (RMG) Share Price London Stock Exchange October 31
On Wednesday shares in the Royal Mail (RMG) continued to fall.
Having opened at 438.60p the price fell throughout the day at one point hitting as low as 427p before recovering to close down 0.66% at 434.70p. The shares are now down 3.91% for the week, but they remain up 11.6% for the month.
Overall it has been a good month for Royal Mail shares but the last week has seen a reversal in fortunes. It was announced on Thursday that £130 million will be invested to help improve its parcel tracking service but this may not be enough to boost the company’s shares.
However, there was some optimism amongst investors with 56.51% of Royal Mail shares traded on Thursday being bought and 43.49% being sold. Furthermore, brokers Berenberg are still recommending buying Royal Mail shares.